Republic of Ireland
Company Formation Services
Ireland is situated to the west of Great Britain from which it is separated by the Irish Sea. Ireland is 83,270 square kilometers in size. The population of the whole of Ireland is approximately 5 million of which 3 million live in the Republic. Roughly one-third of the population live in Dublin and its surrounding suburbs. The Republic of Ireland is a parliamentary democracy with a written constitution. The Republic of Ireland is a full member of the European Union. Accordingly, Irish citizens have the automatic right to live and work in any member state of the Union.
Private Company Limited by Shares
Most frequently entity
|Type of Company :||Resident Private Limited|
|Type of Law:||Common|
|Shelf Company Availability:||No|
|Our time to establish a new company:||10 days|
|Migration of Domicile Permitted:||No|
|Corporate taxation:||12.5% on profits|
|Double taxation treaty access :||Yes|
|Language of name:||Latin Alphabet|
|Minimum Number of Shareholders/Members:||1, normally 2|
|Minimum Number of Directors/Managers:||2|
|Company Secretary required:||Yes|
|Minimum Paid Up:||Euro 1|
|Usual authorised Capital:||Euro 1,000,000|
|Registered Office/Agent :||Yes|
|Local Directors:||Yes (See below)|
|Government Register of Directors/Managers :||Yes|
|Government Register of Shareholders/Members:||Yes|
|Annual Return Filing Fee:||Euro 40|
|Requirement to prepare:||Yes|
|Audit Requirement :||Yes, but small company exemption|
|Requirement to file accounts :||Yes|
|Publicly accessible accounts :||Yes|
General Corporate Information
Type of Law
Common Law based on English Common Law
Principal Corporate Legislation
Companies Acts 1963 to 1990 as amended. In particular The Companies (Amendment) (No.2) Act 1999.
Type of Company for International Trade and Investment Private limited companies
Procedure to Incorporate
Submission of Memorandum and Articles of Association, together with a Form A1 detailing the first directors, secretary and situation of the Registered Office. It is important to note that the Registry will only incorporate new companies that prove they intend to undertake some form of real business in Ireland.
Language of Legislation and Corporate Documents
Registered Office Required
Yes, must be maintained in the Republic of Ireland
Shelf Companies Available
Time Scale to Incorporate
1 to 2 working days
Authorised and Issued Share Capital
There is no capital duty payable on the authorised capital. There is a 1% capital duty payable on the issued share capital. There is no maximum authorised capital. The minimum issued capital is two shares of par value.
Classes of Shares Permitted
Registered shares, preference shares, redeemable shares and shares with or without voting rights.
The concept of bearer shares does exist, but they are very rare because Central Bank consent is required before they can be issued, and such consent is likely to be refused. It is also believed that issuing bearer shares could affect a company’s status as a private company.
Companies are subject to taxation and Ireland has anti-avoidance legislation in place.
Trading Income – 12.5%
Passive Income – 25%
Manufacturing, Software and certain Financial Services Operations – 10% being phased out up to 2010, then 12.5%
Collective Investment Funds – 0%
Shipping – Special tonnage tax regime – Nominal tax up to €5 million per annum
Patent Income – 0% generally on Irish invention
Double Taxation Agreements
Ireland is renowned as one of the best countries in the world in which to incorporate a company. One of the most compelling reasons for this is the extensive list of tax treaties that Ireland has in place.
Albania, Armenia, Australia, Austria, Bahrain, Belarus, Belgium, Bosnia-Herzegovina, Botswana, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Greece, Hong Kong, Hungary, Iceland, India, Israel, Italy, Japan, Korea (Republic of), Kuwait, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Moldova, Montenegro, Morocco, Netherlands, New Zealand, Norway, Pakistan, Panama, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, UAE -United Arab Emirates, Ukraine, UK- United Kingdom, USA- United States of America, Uzbekistan, Vietnam, Zambia
Financial Statements Required
Audited accounts are filed with the annual return. Annual accounts must be filed with the tax authorities.